Course Overview
Examines the planning stages involved in defining and analyzing a new business idea including evaluating the market and competition to determine feasibility, selecting and reaching a target market, organizing day-to-day business operations, identifying and assessing potential revenue streams, and sourcing and managing financing. Major emphasis is on the preparation of a complete business plan based on research and analysis. Topics will also include business model alternatives, legal requirements, insurance, and taxes. This course will be helpful for anyone wishing to start their own software business, or who wish to learn about fundamental business and entrepreneurial career skills.
Prerequisite(s)
- Completion of first year CST and Admission into the Tech Entrepreneur Option.
Credits
5.0
- Retired
- This course has been retired and is no longer offered. Find other Flexible Learning courses that may interest you.
Learning Outcomes
Upon successful completion of this course, the student will be able:
- Explain the importance of analyzing ideas before starting a business.
- Assess whether a new venture opportunity has sufficient potential market demand, product/service provision capacity, management skills, and financial commitment to represent a valid business opportunity.
- Identify and apply the distinctive research required to successfully complete a business model canvas.
- Develop the basic components of a business plan.
- Discuss the types of information needed to evaluate competition.
- Create an elevator pitch for a business idea.
- Explain the common legal forms of organization used by businesses.
- Determine what funds are needed to operate a software business.
Effective as of Fall 2018
Programs and courses are subject to change without notice. Find out more about BCIT course cancellations.